Trade on the Best Forex Trading Platform with Khwezi Trade
Khwezi Trade is a division of Khwezi Financial Services, a South African broker, an authorised financial services provider (FSP: 44816). Khwezi has been regulated by the FSCA since its inception in 2013. Khwezi F.S is headquartered in Cape Town, South Africa and holds both category 1 and category 2 licences.
These licences allow Khwezi the ability to keep all client ZAR funds in a segregated account in the client’s name with Standard Bank of South Africa, providing an extra layer of security for South African forex traders. All our account managers are FSCA registered representatives. We process withdrawals daily at 3pm.
Khwezi Trade offers consistent trading conditions with excellent speed to market. We offer traders the opportunity to trade on some of the best Forex trading platforms in South Africa. We offer different account types depending on your account size and volume traded. As we promote responsible trading, our standard leverage is 1:100 with maximum leverage across all accounts of 1:200. Spreads are negotiable depending on account types and are extremely competitive. No commission is charged on forex trades.
About Forex Trading
The foreign exchange market is also known as the FX, Forex, or Currency market. It is a global over-the-counter market for trading currencies. This is where currencies are bought and sold deriving the exchange rates for currency pairs. The Forex market is the largest and most liquid market in terms of trading volume and the value traded is 6.6 trillion dollars per day.
Trading the global online foreign exchange markets in South Africa is rewarding and accessible Monday to Friday 24 hours per day, 5 days a week. The global Forex markets close at 23:00 on a Friday night and reopen to be traded at 23:00 in South Africa on a Sunday evening
Forex Trading Hours for South African traders
Professional traders say the best time to trade from South Africa is when major market sessions overlap. This is generally between 10:00 and 16:00. During these hours South Africans can catch the last two trading hours of the Tokyo session, which overlaps with the opening of the London session and a few hours later this session overlaps with the opening of the U.S markets.
The London and the U.S sessions are generally the most active trading hours, as all market participants affect the currency market in some way. These sessions are prone to important economic news and data being released that potentially have a great impact on exchange rates. The London session runs from 10:00 – 19:00 and the US stock market is open from 15:30-22:00, South African time (daylight saving applies). Towards the end of the London session, unless an economic event takes place, market participation largely drops off.
Although this section is focused on forex, commodity and indices CFD trading follows the same active trading patterns. It is said, the best time to trade gold CFDs for South Africans is when the European and US markets overlap, between 15:00 – 19:00.
Khwezi Trade offers retail forex traders the liquidity and therefore the opportunity to participate in the global foreign exchange market. We offer our retail South African clients trading accounts to be funded in Rands and the opportunity to buy and sell currencies online.
This is made possible through our easy-to-use MetaTrader 4 trading platform. The Mt4 forex trading platform is the industry standard and works well with desktop, iOS and Android devices available for download here.
Advantages of Trading with Khwezi Trade
- Locally domiciled and regulated
- Rand based trading accounts
- Exceptional Customer service
- Full MT4 trading platform and support
- Client funds held in a segregated Standard Bank account
- Stable trading conditions
- Free deposit & withdrawals
- Zero commissions
Why Trade Forex with Khwezi Trade
Trade the Forex market with confidence when you open a trading account with Khwezi Trade, an FSCA regulated and trusted broker. Khwezi Trade is committed and dedicated to the relationships with our customers, we offer FSCA regulated account managers who form part of the country’s best customer service team. Our trading conditions are unparalleled, ensuring the best possible experience for our traders. We offer the most popular, user-friendly trading platform coupled with our third-party state-of-the-art research material.
At Khwezi Trade we pride our CFD service with the highest integrity and commitment to our customers. Consistently aiming to improve and innovate with the highest of quality.